Market Risk Analyst

Job Summary

Tenaska Marketing Ventures (TMV) is seeking a highly analytical and intellectually curious Market Risk Analyst to join our team in Omaha, NE. The Market Risk Analyst plays a key role in analyzing and valuing a portfolio of commodity trading positions and financial derivatives tied to the natural gas market. This role sits at the intersection of trading, financial analysis, and risk management, providing insight into how market movements impact the value and risk profile of TMV’s natural gas trading portfolio.

In this position, you will work closely with traders and leadership to ensure transactions are accurately valued, market inputs are properly maintained, and risk exposures are clearly understood. The role combines structured daily and regular reporting responsibilities with deeper analytical work focused on investigating complex transactions, improving valuation methodologies, and supporting informed trading decisions. This is a fast-paced and intellectually challenging environment that is well suited for individuals who enjoy solving complex analytical problems, working with large datasets, and applying statistical and financial concepts to real-world markets.

Market Risk brings together finance, statistics, economics, and accounting. It’s a great opportunity for someone seeking a non-traditional path in finance or accounting within the exciting and dynamic energy industry. Analysts will gain exposure to real-time trading markets and complex financial instruments. It is an excellent opportunity for individuals interested in developing expertise in commodity markets, derivatives valuation, and quantitative risk analysis.

This position is onsite in Omaha, NE.

• Develop and support independent valuation conclusions for complex or non-standard deal structures
• Investigate unusual valuation results or discrepancies, determine root causes, and recommend corrective action
• Research market developments and pricing methodologies that affect valuation accuracy

• Analyze and value a portfolio of complex physical and financial natural gas transactions, including derivative instruments
• Ensure valuation models accurately reflect the economic structure of transactions
• Monitor and explain daily changes in portfolio valuation driven by market movements

• Maintain and update market data used in valuation models, including forward price curves, volatility assumptions, locational basis, and other key inputs
• Research and validate external market data sources to ensure accuracy and reliability
• Structure and maintain the underlying curve and market data sets, including database organization and management

• Partner with trading teams to confirm deal economics and validate recently executed deals are captured correctly and accurately as well as validate transaction pricing
• Provide quantitative support and analysis related to market data, pricing assumptions, and deal structures
• Provide actionable insight into the changes observed in the forward natural gas portfolio – including changes in the underlying market as well as highlight risks in the portfolio

• Prepare and present valuation and risk analysis to senior leadership
• Respond to ad hoc questions related to portfolio risk, valuation methodology, or market impacts

• Identify opportunities to improve valuation methodologies, analytical tools, and reporting processes
• Contribute to the development and refinement of internal valuation models and analytics

• Collaborate with and help train junior analysts as needed
• Contribute to a culture of curiosity, analytical rigor, and continuous improvement
• Other duties as assigned

We value teamwork, curiosity, diverse perspectives, and the resilience to thrive in a challenging environment as they are essential to driving innovation and delivering excellence in our field.

• Team Oriented
• Highly analytical, with strong attention to detail and intellectual…